- BBVA reported a net income of €2.75 billion, which exceeded estimates of €2.35 billion.
- Net interest income was slightly below expectations at €6.21 billion against an estimate of €6.22 billion.
- Net fee and commission income came in at €1.95 billion, slightly under the forecast of €1.97 billion.
- Net trading income was significantly lower than expected, at €484 million compared to the estimate of €641.2 million.
- Gross income for the quarter was €8.71 billion, which fell short of the anticipated €8.78 billion.
- Operating income surpassed expectations, reaching €5.49 billion against an estimate of €5.25 billion.
- Pretax profit was notably higher than projected, at €4.08 billion compared to the forecast of €3.73 billion.
- Provisions were lower than expected, totaling €1.38 billion versus an estimate of €1.51 billion.
- Adjusted earnings per share were reported at €0.46, exceeding the predicted €0.40.
- The CET1 fully-loaded ratio stood at 13.3%, slightly above the estimate of 13.2%.
- Analyst recommendations for BBVA include 12 buys, 9 holds, and 2 sells.
A look at Banco Bilbao Vizcaya Argentari Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Banco Bilbao Vizcaya Argentaria has a positive long-term outlook across various factors. With a high score in Value, Dividend, and Growth, the company showcases strong fundamentals and potential for future growth. These scores indicate that Banco Bilbao Vizcaya Argentaria is considered a solid investment in terms of value, dividend payments, and potential for expansion.
While the Resilience and Momentum scores are slightly lower, at 3, they still suggest that the company has the ability to withstand challenges and maintain stability over time. Overall, Banco Bilbao Vizcaya Argentaria’s Smart Scores paint a promising picture for its future performance and position in the market, making it an attractive prospect for investors looking for a well-rounded financial institution with growth potential.
Summary of the company:
### Banco Bilbao Vizcaya Argentaria, S.A. attracts deposits and offers retail, wholesale, and investment banking services. The Bank offers consumer and mortgage loans, private banking, asset management, insurance, mutual funds, and securities brokerage services. It operates in Europe, Latin America, United States, China, and Turkey. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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